Fourth quarter revenues up 21% to $21.4 million from $17.7 million in
the year ago quarter

Full year consolidated revenues increased 15% to $88.1 million from
the prior year

Fourth quarter non-deployment revenues increased 91% to $8.3 million,
inclusive of the New Video acquisition, from $4.4 million in the year
ago quarter and 20% pro-forma for New Video in both periods

Full year non-deployment revenues increased 58% to $36.0 million from
the prior year

Full year non-deployment adjusted EBITDA was $5.1 million, including
significant growth investments and upfront expenses from the movie
releasing business

During the fiscal year, Cinedigm successfully refinanced all existing
debt into a non-recourse facility, closing a $125 million senior
non-recourse credit facility led by Société Générale and a $70 million
non-recourse credit facility provided by Prospect Capital

17 independent films acquired to date, 5 released in FY13 and 5 more
released to date in the first quarter of FY14, representing a strong
and growing pipeline that will enhance the Company's results going
forward

The Company significantly outperformed the industry averages during
the fiscal year with 55% growth in digital revenues, and 65% growth in
physical product sales compared to industry growth of 27% and (6%)
respectively (industry source: Digital Entertainment Group)

"It was just over two years ago that we outlined our strategy to
transform Cinedigm to capitalize on the digital distribution revolution
that is changing the entire entertainment business. Today, we are fully
executing against that strategic plan in all areas," said Chris McGurk,
Chairman and CEO. "Our digital cinema services group continues to manage
our 11,700 strong screen deployment while our Software group is
launching key new products and expanding our markets. We dramatically
improved our balance sheet with a non-recourse debt refinancing that
significantly reduced our cost of capital and extended our debt
maturities. And, most importantly, the digital revolution has triggered
opportunities for success in our entertainment group that are even
greater than we previously anticipated. New platforms, distribution
outlets and viewing devices are driving an ever-increasing demand by
consumers to view our new releases and our vast and expanding library of
digital content. We are moving aggressively to take advantage of this
sea change in consumer viewing behavior."

"We have consistently stated that fiscal year 2013 was a year focused on
both investment and growth," added Adam Mizel, Chief Operating Officer
and CFO. "We made solid progress as we acquired 17 movies, added 1,200
projects to our distribution library of now over 20,000 movies and
television episodes, and rebuilt our software management team while
completing two major software product upgrades. We accomplished all this
while growing non-deployment revenues 58% inclusive of our New Video
acquisition, and maintaining solid positive EBITDA even after
investments in our infrastructure and the ‘J-curve' impacts of the ramp
of our content releasing strategy. Looking forward, we expect Fiscal
2014 to be a similar year of investment and growth, as we take advantage
of emerging global opportunities in each of our business lines. We will
do this while maintaining the financial and operational discipline
necessary to continue to drive towards net profitability."

Fourth Quarter Fiscal 2013 Results

Revenues for the fourth quarter were $21.4 million, a 21% increase from
$17.7 million in the year ago quarter. Adjusted EBITDA from continuing
operations for the quarter was $13.5 million, a 6% increase from $12.7
million in the year ago period. Non-deployment revenues for the fourth
quarter were $8.3 million, a 91% increase from $4.4 million in the year
ago period. Adjusted EBITDA from non-deployment operations for the
quarter was $0.9 million, up from $0.2 million in year ago period
reflecting revenue growth from the New Video acquisition partially
offset by upfront releasing expenses for movies of $0.5 million. After
adjusting for non-recurring items such as the write-off of previously
capitalized debt issuance costs, debt prepayment fees, restructuring and
merger and acquisition expenses, fourth quarter loss from continuing
operations was $4.7 million or $0.10 per share, versus a loss of $4.5
million, or $0.12 per share in the prior year period.

Full Year Fiscal 2013 Results

Revenues for fiscal 2013 were $88.1 million, a 15% increase from $76.6
million in fiscal 2012 while Non-deployment revenues grew 58% to $36.0
million from the prior fiscal year. The increase in revenues was
primarily the result of solid performance in Cinedigm Entertainment
Group (CEG), including results from the New Video acquisition, more than
offsetting decreases in Deployment and Services revenues. The decreases
in deployment and services are due to (i) a reduction in VPF revenues
and EBITDA in the fiscal year both by approximately $2.0 million as
major studios shifted their release schedules during the summer of 2012
due to the Summer Olympics and the Aurora movie theatre shootings; and,
(ii) the delayed delivery and customer product acceptance related to
over $2.0 million in software revenues as the completion of the
Distributor product upgrade moved into fiscal year 2014.

For full year fiscal 2013, Adjusted EBITDA from continuing operations
totaled $55.6 million, as compared to $58.0 million in the prior year.
Excluding Cinedigm's VPF business units, Adjusted EBITDA from
non-deployment businesses was $5.1 million during the fiscal year ended
March 31, 2013, as compared to $5.7 million in the fiscal year ended
March 31, 2012, reflecting ongoing investment as Cinedigm ramps up its
content and software growth engines. The decline in EBITDA was primarily
driven by (i) upfront releasing expenses associated with scaling up
movie and library acquisitions; (ii) growth of our content acquisition,
theatrical marketing and operations teams to support our expanded
acquisitions and slate of releases; (iii) additional investment in
software new product development; and (iv) decrease in Services revenue
due to the software revenue recognition timing and studio schedule
shifts referenced earlier.

Consolidated loss from continuing operations was $20.6 million or $0.44
per share for the full year, compared to a consolidated loss from
continuing operations of $14.0 million or $0.39 per share in the
comparable prior year. However, after adjusting for non-recurring items,
primarily the write-off of previously capitalized debt issuance costs,
debt prepayment fees, restructuring and merger and acquisition expenses,
the consolidated loss from continuing operations was $7.3 million, or
$0.15 per share, compared to $12.2 million, or $0.34 per share in the
prior year.

Adjusted EBITDA is defined by the Company for the periods presented to
be earnings before interest, taxes, depreciation and amortization, other
income, net, stock-based expenses and compensation, merger and
acquisition costs, and certain other items. Pursuant to the requirements
of Regulation G, the Company has provided a reconciliation in the tables
attached to this release of Adjusted EBITDA to U.S. GAAP net income
(loss). Adjusted EBITDA is not a measurement of financial performance
under accounting principles generally accepted in the United States of
America and may not be comparable to other similarly titled measures of
other companies. The Company calculated and communicated Adjusted EBITDA
in the tables because the Company's management believes it is of
importance to investors and lenders by providing additional information
with respect to the performance of its fundamental business activities.
Management presents adjusted EBITDA because it believes that adjusted
EBITDA is a useful supplement to net loss as an indicator of operating
performance. Management also believes that adjusted EBITDA is an
industry-wide financial measure that is useful both to management and
investors when evaluating the Company's performance and comparing our
performance with the performance of our competitors. Management also
uses adjusted EBITDA for planning purposes, as well as to evaluate the
Company's performance because it believes that adjusted EBITDA more
accurately reflects the Company's results, as it excludes certain items,
such as stock-based compensation charges, that management believes are
not indicative of the Company's operating performance. The Company
believes that adjusted EBITDA is a performance measure and not a
liquidity measure. Adjusted EBITDA should not be considered as an
alternative to operating or net loss as an indicator of performance or
as an alternative to cash flows from operating activities as an
indicator of cash flows, in each case as determined in accordance with
accounting principles generally accepted in the United States of
America, or as a measure of liquidity. In addition, EBITDA does not take
into account changes in certain assets and liabilities as well as
interest and income taxes that can affect cash flows. The Company's
calculation of Adjusted EBITDA may or may not be consistent with the
calculation of this measure by other companies in the same industry.
Investors should not view Adjusted EBITDA as an alternative to the U.S.
GAAP operating measure of net income (loss). In addition, Adjusted
EBITDA does not take into account changes in certain assets and
liabilities as well as interest and income taxes that can affect cash
flows. Management does not intend the presentation of these non-GAAP
measures to be considered in isolation or as a substitute for results
prepared in accordance with U.S. GAAP. These non-GAAP measures should be
read only in conjunction with the Company's consolidated financial
statements prepared in accordance with U.S. GAAP.

Conference Call

Cinedigm will host a conference call to discuss its financial results at
4:30 p.m. EDT on June 19, 2013. To participate in the conference call,
please dial (877) 754-5303or for international callers (678)
894-3030at least five minutes prior to the start of the call. No
passcode is required. An audio webcast of the call will be accessible at http://investor.cinedigm.com/events.cfm.
To listen to the live webcast, please visit the site prior to the start
of the call in order to register, download and install any necessary
audio software.

For those unable to participate during the live broadcast, a replay will
be available beginning June 19, 2013 at 5:30 p.m. EDT, through June 26,
2013 at 11:59 p.m. EDT. To access the replay, dial (800) 585-8367 (U.S.)
or (404) 537-3406 (International) and use passcode: 95083673.

About Cinedigm

Cinedigm is a leader in the digital entertainment revolution. Cinedigm's
pioneering digital cinema deployment and servicing efforts, and our
state-of-the-art distribution and exhibition software, are cornerstones
of the digital cinema transformation. Cinedigm is also the leading
digital aggregator of independent content in the world, providing
end-to-end digital content delivery to theaters, across digital and
on-demand platforms, and on DVD/Blu-ray. Through partnerships with
iTunes, Netflix, Amazon, Google, Hulu, Vudu, Xbox, Playstation, and
others, Cinedigm reaches a global digital audience. The company's
library of over 5,000 titles includes award-winning documentaries from
Docurama Films®, next-gen indies from Flatiron Film Company® and
acclaimed independent films and festival picks through partnerships with
the Sundance Institute and Tribeca Film. CEG is proud to distribute many
Oscar®-nominated films including THE INVISIBLE WAR, HELL AND BACK AGAIN,
GASLAND, WASTE LAND and PARADISE LOST 3: PURGATORY.

Investors and readers are cautioned that certain statements contained in
this document, as well as some statements in periodic press releases and
some oral statements of Cinedigm officials during presentations about
Cinedigm, along with Cinedigm's filings with the Securities and Exchange
Commission, including Cinedigm's registration statements, quarterly
reports on Form 10-Q and annual report on Form 10-K, are
"forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking
statements include statements that are predictive in nature, which
depend upon or refer to future events or conditions, which include words
such as "expects," "anticipates," "intends," "plans," "could," "might,"
"believes," "seeks," "estimates" or similar expressions. In addition,
any statements concerning future financial performance (including future
revenues, earnings or growth rates), ongoing business strategies or
prospects, and possible future actions, which may be provided by
Cinedigm's management, are also forward-looking statements as defined by
the Act. Forward-looking statements are based on current expectations
and projections about future events and are subject to various risks,
uncertainties and assumptions about Cinedigm, its technology, economic
and market factors and the industries in which Cinedigm does business,
among other things. These statements are not guarantees of future
performance and Cinedigm undertakes no specific obligation or intention
to update these statements after the date of this release.